MillerKnoll, Inc. Announces Quarterly Dividend of $0.19 (NASDAQ:MLKN)

MillerKnoll, Inc. (NASDAQ:MLKN – Get Free Report) announced a quarterly dividend on Tuesday, April 14th. Stockholders of record on Saturday, May 30th will be given a dividend of 0.1875 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th.

MillerKnoll has raised its dividend payment by an average of 0.0%per year over the last three years. MillerKnoll has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MillerKnoll to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 37.5%.

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MillerKnoll Stock Performance

NASDAQ:MLKN opened at $15.82 on Wednesday. The company has a fifty day moving average of $16.10 and a 200-day moving average of $17.62. The firm has a market capitalization of $1.08 billion, a P/E ratio of 113.00, a P/E/G ratio of 0.70 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. MillerKnoll has a twelve month low of $13.77 and a twelve month high of $23.18.

MillerKnoll (NASDAQ:MLKN – Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $926.60 million during the quarter, compared to the consensus estimate of $941.95 million. MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, sell-side analysts anticipate that MillerKnoll will post 1.83 EPS for the current year.

About MillerKnoll

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MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

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